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Official form guide
Form 8703: Annual Certification of a Residential Rental Project
IRS Form 8703 is the Annual Certification of a Residential Rental Project used by the project operator to report unit counts and bond information so the IRS can confirm the project remains qualified under section 142(d). The filing is due by March 31 following the calendar year.
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IRS Form 8703 - Annual Certification of a Residential Rental Project
IRS Form 8703 is the Annual Certification of a Residential Rental Project used by the project operator to report unit counts and bond information so the IRS can confirm the project remains qualified under section 142(d). The filing is due by March 31 following the calendar year.
Risk Radar
Scan points- 1Missing the March 31 filing deadline triggers an automatic $100 penalty per project.
- 2Fail to check the “Amended Return” box when submitting a corrected Form 8703.
- 3Omit the operator’s taxpayer identification number in Part I, leaving the field blank.
- 4Leave line 5 in Part II blank, so the total number of residential rental units is not reported.
- 5Do not calculate or enter the percentage on line 9, preventing the low‑income unit ratio from being shown.
Plain English
Each year the operator of a rental project that chose the low‑income housing tax credit must tell the IRS how many units are in the building and how many are occupied by low‑income tenants. The form also lists the bonds that financed the project. The IRS uses this data to decide if the project still qualifies for tax‑exempt bond treatment.
Submission Date
- Filing date: 2021-12-01 22:10:39
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when the operator of a residential rental project that elected under section 142(d) must file an annual certification.
- Do not use it when the project is not a residential rental project that elected under section 142(d).
- Check Form 8038 instead when you need to confirm the issuer’s name and EIN for the bond issue.
Form selector
Use this form or another form?
Multiple tax‑exempt bond issues for the project
Needed to provide issuer name and EIN for each bond issue
✓ Verify each bond’s issuer details match Form 8038 filings.
Annual certification required for a qualified residential rental project
This is the designated form for the annual certification under section 142(d)
✓ Confirm the project made the election under §142(d).
Amending previously filed information on the project
Use the same form with the Amended Return box checked to resubmit corrected data
✓ Ensure the amendment includes all original information plus changes.
Deadline or filing window
The filing window opens after the calendar year ends; Form 8703 must be filed by March 31 of the following year. The form must be filed annually during the qualified project period. No extension provision is mentioned in the official source.
Checklist
What you need before filling it out
Operator Taxpayer Identification Number
Operator’s SSN or EIN · Part I of Form 8703
Project address (no P.O. box)
Physical address of building · Part I of Form 8703
Amended Return box
Check if correcting prior filing · Part I heading
Bond issuer name (line 14)
Issuer’s name as on Form 8038 · Part III of Form 8703
Penalty amount
$100 per failure · Penalty section on Form 8703 page 3
Before you submit
- 1Verify the form revision reads Rev. December 2021.
- 2Confirm the operator’s name, address, and TIN are entered in Part I.
- 3Confirm the owner’s name, address, and TIN are entered in Part I.
- 4Enter the project’s physical address (no P.O. box) in Part I.
- 5Check the appropriate test elected box in Part I.
- 6If filing an amendment, check the Amended Return box and attach an explanation.
- 7Complete Part III for each bond issue, attaching separate statements if multiple.
- 8Sign and date the certification in Part IV.
- 9Include preparer’s information if a paid preparer is used.
- 10Mail the form to IRS Service Center Ogden, UT 84201.
- 11Retain a copy of the filed form for your records.
How to file this form
- 1Gather operator and owner identification numbers, addresses, and the project’s physical address.
- 2Complete Part I with the required general information and check the elected test.
- 3Fill Part III with bond issuer details for each bond issue, attaching separate statements if needed.
- 4Sign and date the certification in Part IV.
- 5Mail the completed Form 8703 to the IRS Service Center in Ogden, UT 84201.
- 6Obtain and keep the mailing receipt as proof of filing.
Known limitations
- 1Form 8703 applies only to projects where an election under section 142(d) was made (Form p.3).
- 2Only the operator, not the owner, is required to file the certification (Form p.3).
- 3Form 8703 must be filed annually during the qualified project period; filing outside that period is not required (Form p.3).
- 4The form is required only for residential rental projects that aim to be qualified under section 142(d) (Form p.3).
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
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Fillable formOpen in Editor->Form 8703 is the December 2021 revision; the form directs users to www.irs.gov/Form8703 for the latest information.
What changed or needs a fresh check
- Edition date — confirm the form shows Rev. December 2021.
- Fee — Not stated in the official source.
- Mailing address — confirm the filing address is Internal Revenue Service Service Center Ogden, UT 84201.
- Signature — confirm the Project Operator signs and dates the certification.
- Penalty amount — confirm the penalty is $100 per failure.
Quick Facts
Downloads
After you file
- 1Sign the form before sending it to the IRS.
- 2Keep a copy of the filed Form 8703 for your records.
- 3Use the latest revision (Rev. December 2021) when completing the form.
- 4If an error is discovered, file an amended return by checking the “Amended Return” box, providing all original information, and attaching an explanation (Form p.3).
Sources
- SRCForm p.3 — The operator of a residential rental project for which an election was made under section 142(d) must file Form 8703 annually.
- SRCForm p.3 — File Form 8703 by March 31 after the close of the calendar year for which the certification is made.
- SRCForm p.3 — File Form 8703 with the Internal Revenue Service Service Center, Ogden, UT 84201.
- SRCForm p.3 — Section 6652(j) provides a $100 penalty for each failure to comply with the certification requirements.
- SRCForm p.3 — To amend, check the “Amended Return” box, provide all original information, and attach an explanation of the reason.
- SRCForm p.1 — Complete a separate Form 8703 for each project.
- SRCForm p.3 — Do not use P.O. boxes for the address of the building/project.
- SRCForm p.3 — 40% or more of the residential units must be occupied by individuals whose income is 70% or less of the AMGI.
Common confusion points
Do I have to file Form 8703 if I am the owner of the project?
The form must be filed by the operator, not the owner.
→ Confirm the filing party is listed as the operator on the form.
What is the exact filing deadline for the certification?
The deadline is March 31 after the calendar year, which can be confused with other tax due dates.
→ Check that the filing date is no later than March 31 for the prior calendar year.
Where should I mail the completed Form 8703?
The address is the IRS Service Center in Ogden, UT, not the IRS Tax Forms and Publications Division address.
→ Verify the mailing address reads “Internal Revenue Service Service Center, Ogden, UT 84201”.
What happens if I miss the filing deadline?
Section 6652(j) imposes a $100 penalty per failure unless reasonable cause is shown.
→ Ensure you can document any reasonable cause to avoid the $100 penalty.
Can I use a P.O. box for the project address?
The form specifically says not to use P.O. boxes for the project address.
→ Enter a street address for the building/project, not a P.O. box.
How do I correct information after filing?
An amended return must be filed with all original data plus corrections, and an explanation attached.
→ Check the “Amended Return” box and attach a clear explanation of changes.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 8703 – check the “Amended Return” box and attach an explanation to correct previously filed information
Questions about IRS Form 8703
What is IRS Form 8703 used for?
Each year the operator of a rental project that chose the low‑income housing tax credit must tell the IRS how many units are in the building and how many are occupied by low‑income tenants. The form also lists the bonds that financed the project. The IRS uses this data to decide if the project still qualifies for tax‑exempt bond treatment.
Who must file IRS Form 8703?
The operator of a residential rental project that made an election under section 142(d) must file Form 8703 annually for each project.
What information does IRS Form 8703 require?
The form gathers general project data in Part I, unit counts in Part II (lines 5‑9), and bond details in Part III (lines 14‑20), followed by a certification signature in Part IV.
When is IRS Form 8703 due?
File Form 8703 by March 31 after the close of the calendar year for which the certification is made.
Where do I file IRS Form 8703?
Send the completed form to the Internal Revenue Service Service Center in Ogden, UT 84201.
How do I complete IRS Form 8703?
Begin by completing Part I with the operator’s and owner’s names, addresses, and taxpayer IDs, then enter the project address. In Part II report the total residential units and the number occupied by low‑income tenants, calculate the percentage, and complete lines 5‑9. Provide bond issuer information in Part III, adding separate statements for each bond issue if needed. Sign and date the form in Part IV under penalties of perjury before mailing.
What happens if IRS Form 8703 is filed incorrectly?
If the form is not filed, the IRS imposes a $100 penalty for each failure under section 6652(j) unless reasonable cause is shown.
Do I have to file Form 8703 if I am the owner of the project?
The form must be filed by the operator, not the owner. Confirm the filing party is listed as the operator on the form.
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